Apple’s iPhone 14 series expected to cause surge in trade-in volumes
Assurant, an insurance company partnering with Apple on its trade-in program, expects a volume increase after Apple unveiled the iPhone 14 series of smartphones on Wednesday.
Lucas Manfredi for FOXBusiness:
Last year, the risk management vendor purchased approximately 20 million trade-in devices at its three facilities in York, Pennsylvania; Lewisville, Texas and Nashville, Tennessee, including a record 17 million repaired for resale.
“This year, we predict, it will be roughly the same baseball field, perhaps slightly north of there,” Biju Nair, president of Assurant’s global connected housing unit, told FOX Business.
Since the start of its trade-in program in 2009, Assurant has repurposed 116 million devices, diverted more than 23,000 tons of waste from landfills, produced 6.38 million tons of CO2 avoided and returned approximately $ 12 billion to consumers.
MacDailyNews takes: With Apple Trade In, it’s easy to exchange your eligible device for credit on your next purchase or receive an Apple Gift Card that you can use at any time. If your device isn’t eligible for credit, Apple also recycles it for free.
Learn more about the Apple Trade In program for iPhone, iPad, Mac, Apple Watch, Android and other devices and the prices you can expect to get here.
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